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|Articles - February 2011|
|Thursday, January 27, 2011|
Page 3 of 7
Donna Blake retired from the corporate world in 1996 and switched to investing in the stock market. It was a new challenge, but she missed her work: “The planning, the excitement, the strategy sessions, the marketing campaigns. I missed it all.”
She heard about the Oregon Angel Fund from a friend and signed up immediately after sitting in on a meeting. She enjoyed the collective approach and the fun atmosphere, but the real attraction for her was the work. “What’s exciting to me is learning about all of these business ideas,” she says. “It’s such a wealth of exposure to so many industries. We’re vetting businesses starting with concepts I never would have thought existed.”
With a background in sales and marketing, Blake stayed away from leading due diligence into the high-growth technology companies seeking funding. But she is also an avid pilot who earned her license in her 20s, so when Seaport Airlines came before the group, “My hand shot up and I said, ‘I want to lead this team.’”
The group ended up investing $400,000 in Seaport in 2009 following a thumbs-up recommendation from Blake and her team. Blake also moved outside of the fund to invest as an individual. The company struggled finding business commuters during the recession but found its way to profitability by smartly tapping into the market for essential air services for rural towns. Since expanding its business plan with encouragement from angel investors, Seaport has expanded to 120 scheduled flights a day in seven states, soon to be eight. Blake has been deeply involved with the expansion as a board member, flying to Memphis to help close the deal to move into the Tennessee market.
Blake has personally invested in other companies vetted by the angel fund, including the vacation rental business Second Porch; the e-commerce business The Clymb; and Celilo Group Media, the publisher of the popular Chinook Book. She also plans to bring three friends into the fund this year as new investors. “It’s a great diversification tool, and it’s fun,” she says.
Nick Wade agrees. He joined the Oregon angels last spring. After being introduced to Rosenfeld through mutual friends, he sat in on a meeting and immediately saw the potential. “I walked up to Eric afterwards and said, ‘I’m in,’” he says. “It was the vitality of the group that sold me.”
Wade, a former researcher at Intel with a lifelong interest in investing, appreciated the group’s methodical yet aggressive team approach. “It’s a risk investment,” he says. “But the thought and consideration that goes into each investment is prudent and thorough… And it will lead naturally to a more diversified Oregon economy.”
It already has. Among the companies within the OAF portfolio are the latest Oregon medical devices firm to gain FDA approval (Bend-based Clear Catheter Systems), the fastest-growing private telecommunications business in the nation (Vancouver-based Clear Access) and an emerging player in the wide-open wave energy industry (Corvallis-based Columbia Power Technologies).
Those are exactly the sorts of companies that could help improve Oregon’s lagging per capita income if they catch on and grow. And they all benefited from investors who might not have heard about them had it not been for the Oregon Angel Fund. “No way would I have considered investing in small companies in Oregon without this structure set up,” says Sandler, the former Novas CEO.
Wednesday, February 25, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Thursday, March 26, 2015
BY LINDA BAKER
Everyone knows cell phones and driving are a lethal combination. The risk is especially high for teenage drivers, whose delusions of immortality pose such a threat to us all. Enforcement alas, remains feeble; more promising are pedagogical approaches aimed at getting people to focus on the road, not their devices.
Monday, February 23, 2015
Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.
Tuesday, March 31, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.
Friday, March 27, 2015
BY JOE CORTRIGHT
The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.
Tuesday, March 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.
Thursday, March 26, 2015
BY JACOB PALMER
Power lunching at the Court Street Dairy Lunch in Salem.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.